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Magnum Cash Advance and International Cash Advance

Submitted by divaesque130 on Wed, 01/14/2009 - 19:21
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Hi Everyone,

More questions :? Are Magnum Cash Advance and International Cash Advance the same company? I obtained a loan from Magnum but when I looked at an earlier e-mail from them I noticed it said International. This is the only company I haven't sent a letter to and want to be sure. Also, has anyone had good results from them after sending letters. Thanks.


Magnum Cash Advance has a poor reputation with BBB. It has got an Unsatisfactory rating from BBB. Other business names of this company are Magnum Funding, Magnum Cash Advance, Military Financial Network.
Business Address: 1403 Foulk Road Suite 203
Foulkstone Plaza
Wilmington, DE 19803
Phone Number:
(888) 756-2607
(866) 406-6800
(888) 756-2607
Fax Number:
(866) 406-6844


Submitted by phoenix on Thu, 01/15/2009 - 00:41

phoenix

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Magnum Cash Advance is Illegal and yes they are the same as International.

I had a loan with them. I sent my letter and when I stated I wanted to pay the principal via money order this is the address they gave me.

Mailing address:

International Cash Advance
C/O Call Center Services, Inc.
1403 Foulk Rd suite 203
Wilmington DE, 19803

That is only the address here in the states which is a call center and for payment processing. They are actually located in the British Virgin Islands.

I did not mail a letter I sent them an email using this address info(at)magnumcashadvance.com

They replied from this address Mgmt(at)mycallcenterservices.com


Submitted by nohiogal on Thu, 01/15/2009 - 02:28

nohiogal

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I actually had a good response from Magnum. I sent them my C & D letter and another letter stating they were illegal and that I had overpaid by $44.00. They sent me an e-mail one day later stating the account was paid in full by would not refund me the $44.00.

I can live with it, better than paying the $1100.00 they were stating I owed.


Submitted by jmagee8871 on Thu, 01/15/2009 - 12:57

jmagee8871

( Posts: 29 | Credits: )


I also had a response from them. They agreed to "forgive" my debt. Ha! I had overpaid them as well but at least I am done with them.


Submitted by on Thu, 01/15/2009 - 13:26

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actually magnum cash advance is legal in the states. their contract, if you read it, says that they do business only on the internet and their customers seek out their company. They do business from British Virgin Islands, but since it's done over the internet, they don't have to be licensed in individual states. Also state laws are applicable only to companies that have a physical presence in your state. just pay the bill
[samebox:72c774801d="paulmergel"]says the idiot shill.[/samebox:72c774801d]


Submitted by on Sun, 05/24/2009 - 20:29

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actually magnum cash advance is legal in the states. their contract, if you read it, says that they do business only on the internet and their customers seek out their company. They do business from British Virgin Islands, but since it's done over the internet, they don't have to be licensed in individual states. Also state laws are applicable only to companies that have a physical presence in your state. just pay the bill


Submitted by on Sun, 05/24/2009 - 20:29

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Magnum Cash Advance is not legal in all states. You must look to your the laws within your states to determine the legality of a payday loan comanies. While their contract states that they do business only on the internet and their customers seek out their company... there is case law that says differently. For example, one major case that decided this issue was, Zippo. The court in that case held that where the website is accessed can determine governing case law. Massachusetts has also issued a similar opinion, stating that "...it is irrelevant whether the lender maintains an office or conducts any of its operations in Massachusetts, or actively and specifically solicits for potential Massachusetts borrowers. Accordingly, it is the position of the Division that, to the extent the loan application is completed, electronically or in any other format, by a Massachusetts resident in Massachusetts, it is a loan application "made" in Massachusetts within the meaning of section 96." Hope this helps.


Submitted by on Tue, 06/02/2009 - 17:10

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I actually had a good response from magnum. I sent out my C&D letter and my revoking wage attachment/ACH debit withdrawls and they responded that my account was closed and to make the balance payments for my prinicipal amount via money order to the address in DE. I didnt have to file any complaints, they responded very quickly to the matter and haven't bothered with me since. I did find out they were an illegal lender in the state of PA, and that's how I went about revoking everything, but I have to say they told me "we have seen these letter templates from the debt consolidation website and are familiar with the situation" they also said I wont ever be able to reloan with them, but that's not such a bad thing :)


Submitted by on Thu, 07/16/2009 - 16:47

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sorry,but the delaware address is the front.if that wasn't the case.the place would have been sued out of existence by now.


Submitted by paulmergel on Thu, 08/27/2009 - 11:25

paulmergel

( Posts: 15514 | Credits: )


Quote:

Originally Posted by OhioGal1
Magnum is not a legal lender in the state of Ohio.


I live in Penna. and from what I have learned from here and trying to research to see
if Magnum Cash Advance is licensed in Penna. I have not found anything that says they are
I am having to revoke my ACH. But from what I can tell so far, I have overpaid Magnum
by about $100.00 and according to them I still have 2 payments left. But at this time
I feel I should not have to pay them anymore. Are they are to work with or to even get
my account mark closed.


Submitted by on Mon, 10/18/2010 - 19:29

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
I just contacted them (I live in PA too) and within hours had a PIF letter. There's a thread out there about it.


Thanks - did you over pay them and just settle for a PIF?
did you file complaints?


Submitted by on Tue, 10/19/2010 - 05:58

( Posts: 202330 | Credits: )


Quote:

Originally Posted by OhioGal1
Payday loans are not legal in PA. I'm not sure about getting a refund, but you should definitely be able to get a PIF from them - and fairly quickly in my experience.



Thanks, so should I just e-mail them with my request to stop ach debits to my account and
mention the amount borrowed and amount paid, showing the overpayment and see what
happens - should I also file complaints with the necessary departments or just mention to
Magnum that if they don't comply then I will file complaints.


Submitted by on Tue, 10/19/2010 - 06:32

( Posts: 202330 | Credits: )


Quote:

Originally Posted by OhioGal1
I would email them, note your state laws, how much you've paid, how much you borrowed, etc. I would also file the complaints. Companies like this will not stop operating illegally unless the complaints are recorded.


Just wondering - I e-mailed Magnum yesterday revoking ACH, filed complaints,
etc. how long before you should hear from them or contact them or just sit and
wait a few days. I am so shaken about this. I see were others seemed to get
settled right away. I'm in Penna. and one person here said they had a PIF within
a few hours.


Submitted by on Wed, 10/20/2010 - 14:02

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I first dealt with Magnum four months ago. I had my lawyer handle this because my ex wife took the loan out in my name (fraudulently). First thing, the DE Company is not a front. The DE people are a call center used by Magnum and other businesses. Second, Magnum is the business name for International Cash Advance. International is a British islands company and they use other call centers beside Delaware. They are a legit company in that they gave my ex an complete explanation of the loan, including what my lawyer said is the 'truth lending statement'. They gave a full exposure of facts that the loan was under British Island law. When my divorce lawyer told International that my ex took the loanfraudulently, he said they were a class act and made arrangements to accept a return of the the money they sent my wife without interest as paid in full. According to my lawyer, they had every right to turn me over to a collection agency regardless of the state law. Yesterday i needed a loan (the divorce is bleeding me to death) and I came across the Debt Consol site when searching for a PDL. When I saw the complaints about Magnum it reminded me of when my layer said they were a class act. I applied for a loan, and they gave me a loan after I spoke to a supervisor and explained the situation with my ex. I got the money today. I believe you guys are giving Magnum a bad rap.


Submitted by on Tue, 11/02/2010 - 15:08

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You need a new lawyer!

Quote:

Originally Posted by Anonymous
I first dealt with Magnum four months ago. I had my lawyer handle this because my ex wife took the loan out in my name (fraudulently). First thing, the DE Company is not a front. The DE people are a call center used by Magnum and other businesses. Second, Magnum is the business name for International Cash Advance. International is a British islands company and they use other call centers beside Delaware. They are a legit company in that they gave my ex an complete explanation of the loan, including what my lawyer said is the 'truth lending statement'. They gave a full exposure of facts that the loan was under British Island law. When my divorce lawyer told International that my ex took the loanfraudulently, he said they were a class act and made arrangements to accept a return of the the money they sent my wife without interest as paid in full. According to my lawyer, they had every right to turn me over to a collection agency regardless of the state law. Yesterday i needed a loan (the divorce is bleeding me to death) and I came across the Debt Consol site when searching for a PDL. When I saw the complaints about Magnum it reminded me of when my layer said they were a class act. I applied for a loan, and they gave me a loan after I spoke to a supervisor and explained the situation with my ex. I got the money today. I believe you guys are giving Magnum a bad rap.


Submitted by on Wed, 11/03/2010 - 04:23

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
I first dealt with Magnum four months ago. I had my lawyer handle this because my ex wife took the loan out in my name (fraudulently). First thing, the DE Company is not a front. The DE people are a call center used by Magnum and other businesses. Second, Magnum is the business name for International Cash Advance. International is a British islands company and they use other call centers beside Delaware. They are a legit company in that they gave my ex an complete explanation of the loan, including what my lawyer said is the 'truth lending statement'. They gave a full exposure of facts that the loan was under British Island law. When my divorce lawyer told International that my ex took the loanfraudulently, he said they were a class act and made arrangements to accept a return of the the money they sent my wife without interest as paid in full. According to my lawyer, they had every right to turn me over to a collection agency regardless of the state law. Yesterday i needed a loan (the divorce is bleeding me to death) and I came across the Debt Consol site when searching for a PDL. When I saw the complaints about Magnum it reminded me of when my layer said they were a class act. I applied for a loan, and they gave me a loan after I spoke to a supervisor and explained the situation with my ex. I got the money today. I believe you guys are giving Magnum a bad rap.


you are either a shill,a horrible liar,or the biggest idiot walking.for starters if this is true then you are not liable because of the ID THEFT factor.secondly no lawyer except for "international lawyers"and that means they are not licensed to practice in THE US would state what your supposed lawyer did.thirdly since this based in out of the country it is illegal no matter what.lastly your last sentence sealed the deal as nobody is that stupid.who are you trying to fool?under these circumstances i not only would not loan with this peie of garbage,but endorse them.GET LOST!!!!!!!!!!!!!!!!!!


Submitted by paulmergel on Wed, 11/03/2010 - 05:37

paulmergel

( Posts: 15514 | Credits: )


I live in Ohio and had sent Magnum the illegal lender letter. I have received my paid in full letter and I am now done with them. :p


Submitted by kane78902000 on Fri, 11/12/2010 - 03:12

kane78902000

( Posts: 56 | Credits: )


I finally got one debt collector, to stop harrassing phone calls at work and home. I'm still dealing with another one. It's magnum cash advance aka International cash advance. I told Jason not to telephone my husband at work. They have used other third party debt collectors, to contact our landline. That number is non-published, however they used a skip tracing service to locate us and threated court/legal actions and jail time against hubby. I'm trying to get more information how to make these phone calls stop at work. Jason ensists that he has to have a phone number, to collect a debt which is not true. I've filed a complaint with the FTC, BBB and another place can't remember the name at the moment. Any other suggestions would be greatly appreciate. This guy won't stop calling even thought I've told him he's what he's doing is illegal.


Submitted by on Mon, 01/03/2011 - 07:21

( Posts: 202330 | Credits: )


Quote:

I finally got one debt collector, to stop harrassing phone calls at work and home. I'm still dealing with another one. It's magnum cash advance aka International cash advance. I told Jason not to telephone my husband at work. They have used other third party debt collectors, to contact our landline. That number is non-published, however they used a skip tracing service to locate us and threated court/legal actions and jail time against hubby. I'm trying to get more information how to make these phone calls stop at work. Jason ensists that he has to have a phone number, to collect a debt which is not true. I've filed a complaint with the FTC, BBB and another place can't remember the name at the moment. Any other suggestions would be greatly appreciate. This guy won't stop calling even thought I've told him he's what he's doing is illegal.


You can send a 3rd party collector a cease and desist contact letter, but most likely they aren't a licensed collection agency if they are attempting to collect on an illegal debt, so I doubt they would follow the laws and adhere to your request.


Submitted by Shazzers on Mon, 01/03/2011 - 07:28

Shazzers

( Posts: 17344 | Credits: )


Sent out my first C & D letter to National Service Bureau and Magnum today, thanks to the unbelievable amount of information on this site. After the payments I've already made to NSB, it turns out I'm only $10 shy of the principle amount, instead of the additional $2100 they are trying to get from me. Hopefully I get as lucky as some of you are reporting on here.

One down, two to go and I'll be able to answer my phone without checking the caller ID first!!

Thanks to everyone on here for all the information and resources on handling these scam artists.


Submitted by ehbomb on Fri, 03/25/2011 - 21:51

ehbomb

( Posts: 2 | Credits: )


Hi I got a loan from Magnum, which I now know is International Cash Advance. I got a copy of my credit report and discovered that they were listed as a collection. Do anyone out there have any suggestions on where I should go from here?


Submitted by on Mon, 04/04/2011 - 18:38

( Posts: 202330 | Credits: )


Sent a cease and desist, ACH revoke and within a day or two they responded with a PIF letter from the Call Center Services place. After receiving that PIF, I sat down and calculated all my payments made thus far and realized I'd groslly overpaid them. So today I sent them an email demanding a refund. And the Call Center gave me a name and mailing address in the Caymen Island to contact regarding a refund.

I'd be surprised if this person even exists. Let's see...

"Our call center does not have the authority or ability to issue a refund. All requests for refunds need to be mailed to:


ICA Management Inc. Attn: Melanie Lewis
dms House
20 Genesis Close
PO Box 31910
Grand cayman KY1-1208
Cayman Islands


[FONT=Arial][FONT=Arial][FONT=Arial][FONT=Arial][FONT=Arial][LEFT]Sincerely,
Management


Call Center Services, Inc.
Call Center Services, Inc. is an independent outsource call center provider. CCS assumes no role in establishing client policies, policy statements, or internal affairs."[/LEFT]

[/FONT][/FONT][/FONT][/FONT][/FONT]


Submitted by duckyx2 on Thu, 04/14/2011 - 16:51

duckyx2

( Posts: 14 | Credits: )


This is the reply i got back today:

[FONT=Arial][COLOR=black]We are in receipt of your email dated September 26, 2011 and it was forwarded to the lender. This response is offered on behalf of the lender, ICA. International Cash Advance, Inc. (ICA), doing business as Magnum Cash Advance, is a British Virgin Islands (BVI) corporation. No solicitation or advertisement was offered in Florida by ICA. Customers must seek out ICA on the internet and apply on "their" web site. The choice of law governing your loan, The BVI, was clearly displayed on the web site and in the loan agreement you executed. [/COLOR]

[COLOR=black]The contract that you signed electronically states, ???All applications, transactions, and credit decisions will be deemed to have taken place in BVI, regardless of where you may be viewing or accessing this site. Borrower is responsible for complying with any local statutory obligations that may exist in their state or area with respect to any transactions with ICA dba Magnum Cash Advance. If we approve your application, the disbursement of funds will be in compliance with ICA policy and headquarters in the BVI. Our transactions are governed by laws of the BVI. The laws of the British Virgin Islands governing consumer loan agreements may differ from the laws of Florida. If you do not want to enter into a consumer loan agreement subject to the laws of the BVI, you should apply for a loan at a provider located in Florida. All aspects and transactions on this site will be deemed to have taken place at our location in the BVI. This transaction shall be governed in accordance with the laws of the BVI without regard to its conflicts of law principles, regardless of the order in which the parties agree. The Agreement shall be deemed executed at our location in the BVI as designated herein. Your acceptance of our service confirms your prior acceptance of this Agreement and to jurisdiction located within the BVI. " [/COLOR]

[COLOR=black]Regardless, the lender has no desire expending effort servicing a customer who does not appreciate the value of their installment loan and revolving line of credit products that are designed to meet a cash flow crisis on a moment's notice. The Director of Operations for ICA has agreed to consider your loan of August 2, 2011 as paid in full. All requests for refunds must be mailed to the following address:[/COLOR]
[COLOR=black] [/COLOR]
ICA Management Inc. Attn: Melanie Lewis
dms House

20 Genesis Close
PO Box 31910
Grand Cayman KY1-1208
Cayman Islands


Call Center Services, Inc.
Call Center Services, Inc. is an independent outsource call center provider. CCS assumes no role in establishing client policies, policy statements, or internal affairs.
[/FONT]


Submitted by flajrnylvr on Mon, 09/26/2011 - 12:13

flajrnylvr

( Posts: 8 | Credits: )


I have sent a registered certified mail to the address in cayman islands to see what will happen

Ill let you know what happens


Submitted by flajrnylvr on Mon, 09/26/2011 - 12:37

flajrnylvr

( Posts: 8 | Credits: )


No response as of yet to Certified Letter and have yet to get returrn recipt back and its been over 30 days since letter was sent. Have emailed managemnet at call center in deleware demading a contact info besides the starndard snail mail address the provided willl keep updated


Submitted by flajrnylvr on Wed, 11/09/2011 - 10:18

flajrnylvr

( Posts: 8 | Credits: )


Got the Return Receipt back from the cayman today wil update the signature on it


Submitted by flajrnylvr on Wed, 11/09/2011 - 12:49

flajrnylvr

( Posts: 8 | Credits: )


Is magnum legal in the state of Wisconsin?


Submitted by rvl_73 on Tue, 11/15/2011 - 17:32

rvl_73

( Posts: 154 | Credits: )


I sent my revoking ACH withdrawal email to the info@magnum but it came back. I used their fax number to fax a copy of the letter. Haven't heard anything back yet.


Submitted by Kim B on Fri, 02/01/2013 - 10:07

Kim B

( Posts: 6 | Credits: )


does anyone have a working email for this company I have tried two different ones and they have both returned undeliverable.
I have called them and they will not give me an email address they said to use the form on their website but it comes back undeliverable also


Submitted by on Fri, 04/26/2013 - 11:27

( Posts: 202330 | Credits: )


someone wrote that they have an invalid email address I am wonering if anyone has a working email address


Submitted by on Fri, 04/26/2013 - 13:35

( Posts: 202330 | Credits: )


Couldn't find a valid email for them even on their own website - Here is their mailing address, phone, and fax number and hours
Office Hours
Mon - Fri 9:00 AM - 6:00 PM EST

Phone
Toll Free: 1-866-406-6800

Fax
Toll Free: 1-866-406-6844

Postal Mail
General Mailing Address
ICA Management Inc.
18 Fort St.
PO Box 314
Grand Cayman KY1-1104
Cayman Islands

Payments & Customer Service Inquiries
International Cash Advance, Inc.
C/O Call Center Services, Inc.
PO Box 7294
Wilmington, DE 19803


Submitted by HelpinAZ on Fri, 04/26/2013 - 15:22

HelpinAZ

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